The Belgium Financial Services and Markets Authority announced that its chairman, Jean-Paul Servais, has been re-elected for a third term as chairman of the IOSCO Board, extending his leadership of the global organization of financial supervisors until 2028. His IOSCO mandate will run alongside his chairmanship of the FSMA, which also continues until September 2028, when he reaches the age limit. Karel De Bondt will then succeed him as chairman of the FSMA. Servais has chaired the IOSCO Board since 2022 and was re-elected for a further two-year term at the IOSCO annual meeting. IOSCO brings together 131 authorities supervising 95% of global financial markets. De Bondt is currently a member of the FSMA's management and heads the economic affairs and strategic projects department, with responsibilities including risk analysis, the annual action plan and data analytics projects. He joined the FSMA in 2006 and has also served in ministerial cabinets, at Belgium's Permanent Representation to the European Union, as chair of the IAIS Suptech Working Group and as a member of EIOPA's Digital Finance Steering Committee.
Belgium Financial Services and Markets Authority 2026-05-13
Belgium Financial Services and Markets Authority chair Jean-Paul Servais re-elected as IOSCO Board chair until 2028 as Karel De Bondt is named successor
The Belgium Financial Services and Markets Authority announced that its chairman, Jean-Paul Servais, has been re-elected for a third term as chairman of the International Organization of Securities Commissions Board, extending his mandate until 2028 alongside his FSMA chairmanship. Upon his departure in September 2028, he will be succeeded as FSMA chairman by Karel De Bondt, currently head of economic affairs and strategic projects at the authority.